Didi and Careem to ride in 2 markets

China's ride-hailing giant Didi Chuxing announced on Tuesday that it will invest in Dubai-based ride-hailing platform Careem, as part of a new partnership agreement between the two companies, to grow their networks in the Middle East and North Africa.

It marks Didi's latest move to strengthen the company's global presence, right after it announced a week ago a similar investment in Uber rival Taxify to expand in Europe and Africa.

The two companies on Tuesday said they would cooperate in intelligent transportation technology, product development and operations. Didi declined to reveal the size of the investment in Careem.